Birmingham transport group National Express Group said resilient performances from its UK bus and rail businesses boosted third quarter performance.
The Digbeth-based company reported that its UK rail unit had delivered an "excellent operational performance" so far this year and that it was studying opportunities for expansion in the German and Spanish rail markets.
National Express also said it was helping the Department for Transport (DfT) with its review into the country’s rail franchising system after the botched West Coast Mainline competition.
Flaws in the bidding process were unearthed as the DfT was preparing for a legal challenge by Virgin Trains over the decision not to award its franchise to FirstGroup.
Chief executive Dean Finch said: "We continue to deliver a robust performance, despite austerity pressures on public and consumer budgets. We are focused on our fleet investment, on driving greater cost efficiency and are relentless in our focus on customer service. We are playing an active part in the current review of the UK rail refranchising programme and are developing a pipeline of opportunities across our portfolio in the US, Europe and North Africa to drive medium-term growth."
It said revenues at its British bus division was up three per cent so far this year, while sales at its North American school bus operation were two per cent up in the nine months to the end of September.
Revenues at the group’s Spanish urban bus businesses grew well during the period but Spanish intercity coach revenues were down two per cent during the period.